Walmart (NYSE:WMT) Price Target Cut to $150.00 by Analysts at Stifel Nicolaus

Walmart (NYSE:WMTGet Rating) had its target price reduced by equities researchers at Stifel Nicolaus from $155.00 to $150.00 in a research report issued to clients and investors on Wednesday, Briefing.com reports. The brokerage currently has a “hold” rating on the retailer’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 19.58% from the company’s previous close.

WMT has been the topic of a number of other reports. Morgan Stanley dropped their price objective on Walmart from $170.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 22nd. Exane BNP Paribas raised Walmart from an “underperform” rating to a “neutral” rating in a report on Friday, February 11th. Guggenheim cut their price objective on Walmart from $185.00 to $175.00 in a report on Wednesday. BNP Paribas raised shares of Walmart from an “underperform” rating to a “neutral” rating and set a $136.00 price target on the stock in a report on Friday, February 11th. Finally, Evercore ISI reduced their price objective on Walmart from $140.00 to $135.00 and set an “inline” rating on the stock in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $159.76.

WMT traded down $5.91 on Wednesday, hitting $125.44. The company had a trading volume of 382,001 shares, compared to its average volume of 7,040,231. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.93 and a quick ratio of 0.28. The company’s fifty day moving average price is $150.31 and its 200 day moving average price is $144.54. Walmart has a 1-year low of $130.64 and a 1-year high of $160.77. The stock has a market cap of $345.31 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 3.99 and a beta of 0.49.

Walmart (NYSE:WMTGet Rating) last issued its quarterly earnings data on Tuesday, May 17th. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.18). The firm had revenue of $141.60 billion for the quarter, compared to analyst estimates of $138.05 billion. Walmart had a net margin of 2.39% and a return on equity of 20.42%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.69 EPS. On average, sell-side analysts forecast that Walmart will post 6.75 EPS for the current year.

In other Walmart news, Director S Robson Walton sold 128,000 shares of the firm’s stock in a transaction dated Wednesday, March 9th. The shares were sold at an average price of $139.70, for a total transaction of $17,881,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 1,167,433 shares of the company’s stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of $136.20, for a total transaction of $159,004,374.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,426,790 shares of company stock worth $195,406,267. Insiders own 48.44% of the company’s stock.

Large investors have recently bought and sold shares of the business. Welch & Forbes LLC raised its position in shares of Walmart by 4.2% in the 4th quarter. Welch & Forbes LLC now owns 144,223 shares of the retailer’s stock worth $20,867,000 after buying an additional 5,858 shares during the period. Capital Investment Advisors LLC raised its holdings in Walmart by 3.2% in the fourth quarter. Capital Investment Advisors LLC now owns 29,550 shares of the retailer’s stock valued at $4,276,000 after buying an additional 924 shares during the period. Wealth Quarterback LLC grew its stake in Walmart by 422.3% during the third quarter. Wealth Quarterback LLC now owns 44,234 shares of the retailer’s stock worth $1,087,000 after buying an additional 35,765 shares during the period. Kavar Capital Partners Group LLC raised its position in Walmart by 6.2% in the fourth quarter. Kavar Capital Partners Group LLC now owns 23,914 shares of the retailer’s stock valued at $3,460,000 after purchasing an additional 1,397 shares during the period. Finally, Captrust Financial Advisors lifted its position in Walmart by 7.1% during the 3rd quarter. Captrust Financial Advisors now owns 560,494 shares of the retailer’s stock worth $78,122,000 after acquiring an additional 37,296 shares in the last quarter. 30.79% of the stock is currently owned by institutional investors.

About Walmart (Get Rating)

Walmart Inc engages in the operation of retail, wholesale, and other units worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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